The Public Employees' Medical And Hospital Care Act; Public Employees' Health Benefits; Article 11. Prefunding Plan for Health Care Coverage for Annuitants
There is in the State Treasury the Annuitants' Health Care Coverage Fund that is a trust fund and a retirement fund, within the meaning of Section 17 of Article XVI of the California Constitution, that is continuously appropriated without regard to fiscal years to the board for expenditure for the prefunding of health care coverage for annuitants pursuant to this part, including administrative costs. The board has sole and exclusive control and power over the administration and investment of the Annuitants' Health Care Coverage Fund and shall make investments pursuant to Part 3 (commencing with Section 20000).
(Added by Stats. 2004, Ch. Ch. 69, Sec. 22.)